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Chubbyville purchases a delivery van for $24,900. Chubbyville estimates a four-year service life and a residual value of $2,100. During the four-year period, the company
Chubbyville purchases a delivery van for $24,900. Chubbyville estimates a four-year service life and a residual value of $2,100. During the four-year period, the company expects to drive the van 106,000 miles. 1. Straight-line. 2. Double-declining-balance. (Round your depreciation rate to 2 decimal places. Round your final answers to the nearest whole dollar.) End of Year Amounts Depreciation Accumulated Book Value Year Expense preciation Total 3. Actual miles driven each year were 27,000 miles in Year 1; 29,000 miles in Year 2; 21,000 miles in Year 3, and 23,000 miles in Year 4. Note that actual total miles of 100,000 fall short of expectations by 6,000 miles Calculate annual depreciation for the tour-year life of the van using activity-based. (Round your final answers to the nearest whole dollar.) End of Year Amounts Year Depreciation Accumulated Expense Depreciation Book Value Total
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